Research On Business Transformation Of Fintech In State-owned Commercial Banks

In recent years,the rapid development of fintech,represented by emerging technologies such as artificial intelligence,cloud computing,big data,and the Internet of Things,has brought huge challenges and impacts to the traditional banking industry.Commercial banks have successively transformed fintech business on the agenda.State-owned commercial banks must not only achieve asset preservation and appreciation,but also meet the needs of rapid technology development,and use fintech to promote digital transformation and business innovation with the help of fintech.Research on the transformation of the financial technology business of commercial banks also belongs to the forefront of the field.This article hopes to use the financial technology practice of banks as a typical case to explore the motivation,transformation plan,and response countermeasures of the transformation of the financial technology business of state-owned commercial banks.The feasible path of digital transformation of commercial banks also provides experience for the development of financial technology development for the development of the industry.The thesis is based on the theory of business change,and based on the transformation of S Bank’s fintech business as the research situation,the application questionnaire research and business interview method explore the internal and external causes,transformation strategies,problems,and countermeasures of the transformation of the financial technology business of state-owned commercial banks.The main conclusions of research include:(1)The development of financial technology for commercial banks,accelerating business transformation is the result of the comprehensive impact of multiple factors internal and external factors.External factors include government policy requirements,user needs migration and technological integration and upgrading;internal factors include upgrading product experience,improving the market Response speed,etc.(2)The focus of the financial technology development of commercial banks focuses on the technical foundation,smart business,and open ecology.It not only supports the transformation and upgrading of existing business,but also empowers the innovation incubation of new businesses.(3)Compared with private commercial banks,state-owned commercial banks developing financial technology facing problems such as talent shortages,bloated tissues,and unsuitable mechanisms need to be changed by stimulating talent quotation,optimizing the organizational structure,and improving mechanism systems.The research on the transformation,transformation plan and response of the financial technology business of state-owned commercial banks,not only providing fresh evidence for the establishment of the theoretical system of the digital transformation of the banking industry,but also providing development experience for the development of financial technology facing the development of interbank banks.